A new Bank of America survey shows 75% of investors have ZERO exposure to cryptocurrencies.
Now, US lawmakers are requesting the SEC implements President Trump's Executive Order allowing 401(K)s to BUY cryptos. Source: Bank of America, The Kobeissi Letter
We just had flash crash in crypto and in 10 minutes we got +$1B in liquidations.
$ETH dropped -%10 for a moment and now it’s climbing back. $BTC hit $11.4k (now recovering as well) The interesting part is this happened just a few moments after news came out about a “major crypto announcement” coming this week. Source: Chill Rader on X, @ArkadiBaudelair
Uptober is right around the corner... $BTC
Since 2012, next month has been BY FAR the best performing month for Bitcoin: 🟢 82% win rate, average return of +18.4% Source: Trend Spider
According to the FT:
Tether, the world’s biggest stablecoin company, has held talks about investing in gold mining, seeking to deploy its vast crypto profits into bullion. -> FT: "The company has held discussions with mining and investment groups about investing in the entire gold supply chain, from mining and refining to trading and royalty companies, according to four people familiar with the recent talks. While gold has been a physical store of value for thousands of years and bitcoin has only existed as a digital instrument since 2009, there is a growing affinity between some industry executives. Tether chief executive Paolo Ardoino has likened gold to “natural bitcoin”. “I know people think that bitcoin is ‘digital gold’,” he said in a speech in May. “I prefer to think in bitcoin terms, I think gold is our source of nature.” However, within the conservative gold mining sector, Tether’s interest has been greeted with surprise and questions about whether the unconventional newcomer will succeed. “They like gold. I don’t think they have a strategy,” said one mining executive. Source: FT
Crypto treasury stocks slide as Nasdaq moves to tighten oversight of firms using raised funds to buy crypto:
• $SBET -9% • $BMNR -7% • $MSTR -3% Source: Shy Boloor on X
INSIGHT: India, the U.S. and Pakistan top Chainalysis’ 2025 Global Crypto Adoption Index, followed by Vietnam and Brazil
Source: Cointelegraph
Bitcoin is dying
Source: Bitcoin Magazine @BitcoinMagazine, blockchain.com
Crypto Assets saw a $1.4 Billion outflow last week, the largest since March
Source: Barchart, coinshares
